Magnum Hunter Resources announced its subsidiary Eureka Hunter Holdings, LLC has entered an asset purchase agreement to acquire TransTex Gas Services. Eureka Hunter will pay $58.5 million, with both cash and equity, for TransTex Gas. [Read more…]
Kinder Morgan is acquiring SouthTex Treaters in a $155 million transaction. The acquisition adds to Kinder Morgan’s ability to deliver needed processing in the Eagle Ford Shale. The company will now offer lease arrangements or can simply sell amine plants.
Amine plants are being used more widely across the Eagle Ford due to levels of H2S (Sour Gas) in the natural gas stream. The hydrogen sulfide has to be separated from natural gas production before pipeline operators will transport the gas. One of the quickest way to get cut off from the gathering system is to go above acceptable levels of H2S (4 ppm). [Read more…]